CFS Investment Advisory Services LLC Sells 135 Shares of Emerson Electric Co. (NYSE:EMR)

CFS Investment Advisory Services LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,431 shares of the industrial products company’s stock after selling 135 shares during the period. CFS Investment Advisory Services LLC’s holdings in Emerson Electric were worth $2,408,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of Emerson Electric by 1.2% during the second quarter. Thrivent Financial for Lutherans now owns 29,956 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 347 shares during the period. Gabelli Funds LLC lifted its stake in shares of Emerson Electric by 1.9% in the second quarter. Gabelli Funds LLC now owns 5,380 shares of the industrial products company’s stock valued at $593,000 after buying an additional 100 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Emerson Electric by 74.7% during the second quarter. Public Sector Pension Investment Board now owns 22,077 shares of the industrial products company’s stock worth $2,432,000 after acquiring an additional 9,443 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Emerson Electric by 43.5% in the 2nd quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock worth $5,174,000 after acquiring an additional 14,301 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in Emerson Electric by 3.9% in the 2nd quarter. APG Asset Management N.V. now owns 1,090,903 shares of the industrial products company’s stock valued at $112,129,000 after acquiring an additional 40,642 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on EMR. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Emerson Electric Stock Performance

NYSE EMR opened at $130.62 on Friday. The company’s 50 day moving average is $127.10 and its 200-day moving average is $115.91. The firm has a market cap of $74.39 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.